BRASÍLIA: President Michel Temer insists that a growing corruption scandal in his government will not paralyze Brazil as it struggles to emerge from its deepest recession in history. “Brazil doesn’t stop,” he said in an interview broadcast Saturday on Spanish television TVE ahead of a visit Monday by Spain’s Prime Minister Mariano Rajoy. The developments are complicating Temer’s push for Congress to approve far-reaching austerity reforms, including a shrinking of the country’s hugely expensive pension system. One of the world’s biggest emerging markets, Brazil is forecast to exit a more than two-year recession this year, although only just. Temer came to power in 2016 after President Dilma Rousseff was impeached for illegally manipulating government accounts to mask the depth of economic problems.

Source: Manila Times April 22, 2017 18:45 UTC